Cash flow Kilroy Realty Corporation

Equities

KRC

US49427F1084

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2025-12-16 pm EST			5-day change	1st Jan Change
39.73 ^USD	-0.77%		-1.61%	-1.78%

Dec. 04	KeyBanc Downgrades Kilroy Realty to Sector Weight From Overweight	MT
Nov. 18	Kilroy Realty declares quarterly dividend	RE

2c211007435c5032fe09bb.FcLRV5kHC2FFz2JyEVkEmAwKObSJjBdEgo8sQWachjI.baGOB-10QSJynxIZaDVc2kRjVdj_4iMB4-lkIC3O9HAhjOgY0U0-FRGCVg

Published financial data: KILROY REALTY CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	892M	949M	1.09B	1.12B	1.12B
Tenant Reimbursements	-	-	-	-	-
Other Revenues, Total	6.09M	6.05M	10.97M	11.96M	17.51M
Total Revenues	898M	955M	1.1B	1.13B	1.14B
Property Expenses	261M	270M	321M	351M	373M
Selling General & Admin Expenses, Total	80.66M	92.75M	93.64M	93.43M	72.07M
Depreciation & Amortization - (IS) - (Collected)	299M	310M	358M	355M	356M
Provision for Bad Debts	-	-	-	-	-
Total Operating Expenses	641M	672M	772M	800M	801M
Operating Income (REIT / Utility Template)	258M	283M	325M	330M	335M
Interest Expense, Total	-70.77M	-78.56M	-84.28M	-114M	-145M
Interest and Investment Income	3.42M	3.92M	1.76M	22.59M	37.75M
Net Interest Expenses	-67.35M	-74.64M	-82.51M	-91.62M	-108M
EBT, Excl. Unusual Items	190M	208M	242M	238M	227M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	35.54M	463M	17.33M	-	5.98M
Other Unusual Items	-18.6M	-12.25M	-	-	-
EBT, Incl. Unusual Items	207M	659M	259M	238M	233M
Earnings From Continuing Operations	207M	659M	259M	238M	233M
Net Income to Company	207M	659M	259M	238M	233M
Minority Interest	-20.19M	-30.77M	-26.88M	-26.05M	-21.98M
Net Income - (IS)	187M	628M	233M	212M	211M
Preferred Dividend and Other Adjustments	2.23M	1.52M	1.27M	1.23M	1.97M
Net Income to Common Incl Extra Items	185M	627M	231M	211M	209M
Net Income to Common Excl. Extra Items	185M	627M	231M	211M	209M
Per Share Items
Net EPS - Basic	1.63	5.38	1.98	1.8	1.78
Basic EPS - Continuing Operations	1.63	5.38	1.98	1.8	1.78
Basic Weighted Average Shares Outstanding	113M	116M	117M	117M	118M
Net EPS - Diluted	1.63	5.36	1.97	1.8	1.77
Diluted EPS - Continuing Operations	1.63	5.36	1.97	1.8	1.77
Diluted Weighted Average Shares Outstanding	114M	117M	117M	118M	118M
Normalized Basic EPS	0.87	0.85	1.07	1.05	1.02
Normalized Diluted EPS	0.87	0.85	1.06	1.05	1.01
Dividend Per Share	1.97	2.04	2.12	2.16	2.16
Payout Ratio	120.03	37.79	106.42	120.35	121.49
American Depositary Receipts Ratio (ADR)	0.12	0.12	0.12	0.12	0.12
Supplemental Items
EBITDA	516M	553M	641M	647M	653M
EBITA	262M	290M	346M	339M	338M
EBIT	258M	283M	325M	330M	335M
EBITDAR	525M	561M	648M	657M	665M
Total Revenues (As Reported)	898M	955M	1.1B	1.13B	1.14B
Normalized Net Income	98.79M	99.25M	124M	123M	120M
Interest Capitalized	79.55M	80.2M	77.48M	78.77M	82.46M
Interest on Long-Term Debt	150M	159M	162M	193M	228M
Supplemental Operating Expense Items
General and Administrative Expenses	80.66M	92.75M	93.64M	93.43M	72.07M
Net Rental Expense, Total	8.89M	7.42M	7.56M	9.73M	11.72M
Imputed Operating Lease Interest Expense	2.79M	2.29M	2.28M	3.18M	4.37M
Imputed Operating Lease Depreciation	6.1M	5.13M	5.28M	6.55M	7.35M
Stock-Based Comp., G&A Exp. (Total)	4.5M	-	-	-	-
Stock-Based Comp., Other (Total)	25.74M	33.8M	28.35M	36.86M	17.71M
Total Stock-Based Compensation	30.24M	33.8M	28.35M	36.86M	17.71M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	8.55B	9.45B	10.21B	10.37B	10.51B
Accumulated Depreciation	-1.8B	-2B	-2.22B	-2.52B	-2.82B
Net Property Plant And Equipment	6.75B	7.44B	7.99B	7.85B	7.68B
Land Held For Development Or Sale	1.78B	2.02B	1.69B	2.03B	2.31B
Total Real Estate Assets	8.53B	9.46B	9.68B	9.89B	9.99B
Cash And Equivalents	732M	414M	347M	510M	166M
Accounts Receivable, Total	399M	420M	473M	475M	463M
Other Intangibles, Total	14.67M	56.54M	70.42M	54.51M	58.57M
Notes Receivable (Collected)	-	-	-	-	-
Mortgage Loans	-	-	-	-	-
Restricted Cash	91.14M	13.01M	-	-	-
Other Current Assets, Total	37.67M	40.04M	34.91M	295M	49.13M
Deferred Charges Long-Term	196M	178M	180M	175M	167M
Other Long-Term Assets, Total	-	2.67M	9.53M	5.46M	4.46M
Total Assets	10B	10.58B	10.8B	11.4B	10.9B
Liabilities
Current Portion of Leases	5.64M	6.44M	6.56M	6.74M	6.77M
Long-Term Debt	3.92B	4.07B	4.26B	4.93B	4.6B
Long-Term Leases	92.14M	119M	118M	118M	122M
Accounts Payable, Total	374M	316M	312M	295M	213M
Accrued Expenses, Total	71.3M	75.2M	80.5M	76.6M	72M
Unearned Revenue, Current	16.22M	18.33M	19.04M	17.3M	14.76M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	59.43M	61.85M	64.28M	64.44M	64.85M
Unearned Revenue Non Current	168M	206M	221M	205M	171M
Other Non Current Liabilities	13.34M	22.25M	37.44M	30.76M	27.42M
Total Liabilities	4.72B	4.89B	5.12B	5.74B	5.29B
Preferred Stock Convertible	-	-	-	-	-
Preferred Stock - Others	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	1.16M	1.16M	1.17M	1.17M	1.18M
Additional Paid In Capital	5.13B	5.16B	5.17B	5.21B	5.21B
Retained Earnings	-	284M	265M	221M	171M
Distributions In Excess Of Earnings	-103M	-	-	-	-
Total Common Equity	5.03B	5.44B	5.44B	5.43B	5.38B
Minority Interest	247M	250M	238M	232M	227M
Total Equity	5.28B	5.69B	5.67B	5.66B	5.61B
Total Liabilities And Equity	10B	10.58B	10.8B	11.4B	10.9B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	116M	117M	117M	117M	118M
ECS Total Common Shares Outstanding	116M	116M	117M	117M	118M
Book Value / Share	43.35	46.71	46.52	46.3	45.59
Tangible Book Value	5.02B	5.38B	5.37B	5.37B	5.32B
Tangible Book Value Per Share	43.22	46.22	45.92	45.83	45.1
Total Debt	4.02B	4.19B	4.39B	5.05B	4.73B
Net Debt	3.29B	3.78B	4.04B	4.54B	4.56B
Debt Equivalent Oper. Leases	71.13M	59.37M	60.52M	77.86M	93.72M
Minority Interest, Total (Incl. Fin. Div)	247M	250M	238M	232M	227M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.63B	1.73B	1.74B	1.74B	1.75B
Buildings, Total	6.78B	7.54B	8.3B	8.46B	8.6B
Machinery, Total	43.37M	42.76M	41.54M	37.07M	26.32M
Full Time Employees	252	244	259	248	229
Accumulated Allowance for Doubtful Accounts (Supple)	2.6M	2.67M	3.2M	2.3M	314K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	187M	628M	233M	212M	211M
Depreciation, Depletion & Amortization	255M	264M	296M	309M	316M
Amortization of Goodwill and Intangible Assets - (CF)	4.16M	7.66M	21.17M	9.23M	3.93M
Total Depreciation, Depletion & Amortization	259M	272M	317M	318M	320M
Amortization of Deferred Charges, Total	36.58M	35.3M	34.72M	36.97M	41.03M
(Gain) Loss On Sale of Asset - (CF)	-35.54M	-463M	-17.33M	-	-5.98M
Stock-Based Compensation (CF)	30.24M	33.8M	28.35M	36.86M	17.71M
Provision and Write-off of Bad Debts	19M	1.43M	-123K	11.55M	2.42M
Change in Other Net Operating Assets (Collected)	24.48M	36.92M	35.84M	-521K	-52.13M
Other Operating Activities	-65.18M	-27.98M	-38.67M	-12.4M	7.54M
Cash from Operations	456M	516M	592M	603M	541M
Acquisition of Real Estate Assets, Total	-616M	-1.8B	-587M	-544M	-501M
Sale of Real Estate Assets, Total	74.94M	1.05B	33.42M	-	-
Net Sale / Acquisition of Real Estate Assets	-541M	-749M	-553M	-544M	-501M
Cash Acquisitions	-1M	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-257M	257M
Other Investing Activities, Total	-	1M	-	-	19.35M
Cash from Investing	-542M	-748M	-553M	-800M	-225M
Long-Term Debt Issued, Total	962M	450M	200M	695M	396M
Total Debt Issued	962M	450M	200M	695M	396M
Long-Term Debt Repaid, Total	-590M	-317M	-5.56M	-26.36M	-730M
Total Debt Repaid	-590M	-317M	-5.56M	-26.36M	-730M
Issuance of Common Stock	722M	383K	-	-	-
Repurchase of Common Stock	-14.08M	-21.89M	-22.93M	-11.6M	-27.64M
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-225M	-237M	-248M	-255M	-256M
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-225M	-237M	-248M	-255M	-256M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-21.84M	-38.07M	-42.7M	-41.02M	-42.43M
Cash from Financing	833M	-165M	-119M	361M	-661M
Net Change in Cash	747M	-396M	-79.7M	163M	-344M
Supplemental Items
Cash Interest Paid	61.74M	77.03M	79.63M	106M	127M
Net Debt Issued / Repaid	372M	132M	194M	669M	-334M
Levered Free Cash Flow	392M	486M	518M	261M	683M
Unlevered Free Cash Flow	433M	532M	567M	327M	767M
Change In Net Working Capital	50.6M	-17.58M	12.03M	266M	-187M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.7	1.72	1.9	1.86	1.88
Return on Total Capital	1.84	1.84	2.03	1.98	1.99
Return On Equity %	4.21	12.02	4.57	4.2	4.13
Return on Common Equity	3.97	11.97	4.25	3.88	3.87
Margin Analysis
Gross Profit Margin %	70.98	71.77	70.73	68.92	67.17
SG&A Margin	8.98	9.71	8.54	8.27	6.35
EBITDA Margin %	57.41	57.94	58.41	57.25	57.5
EBITA Margin %	29.15	30.4	31.53	30.02	29.8
EBIT Margin %	28.68	29.6	29.6	29.2	29.46
Income From Continuing Operations Margin %	23.07	68.99	23.66	21.09	20.51
Net Income Margin %	20.83	65.77	21.2	18.79	18.58
Net Avail. For Common Margin %	20.58	65.61	21.09	18.68	18.4
Normalized Net Income Margin	11	10.39	11.35	10.88	10.56
Levered Free Cash Flow Margin	43.63	50.91	47.23	23.08	60.16
Unlevered Free Cash Flow Margin	48.22	55.75	51.7	28.94	67.55
Asset Turnover
Asset Turnover	0.1	0.09	0.1	0.1	0.1
Fixed Assets Turnover	0.14	0.13	0.14	0.14	0.15
Receivables Turnover (Average Receivables)	2.34	2.32	2.43	2.36	2.39
Short Term Liquidity
Current Ratio	2.39	1.86	1.77	2.78	1.83
Quick Ratio	2.15	1.75	1.7	2.14	1.69
Operating Cash Flow to Current Liabilities	0.87	1.08	1.23	1.31	1.46
Days Sales Outstanding (Average Receivables)	156.5	157.45	150.04	154.68	153.46
Average Days Payable Outstanding	499.72	467.02	356.93	315.25	249.12
Long Term Solvency
Total Debt/Equity	76.2	73.72	77.32	89.28	84.26
Total Debt / Total Capital	43.25	42.43	43.61	47.17	45.73
LT Debt/Equity	76.1	73.6	77.21	89.16	84.14
Long-Term Debt / Total Capital	43.19	42.37	43.54	47.1	45.66
Total Liabilities / Total Assets	47.23	46.24	47.44	50.36	48.53
EBIT / Interest Expense	3.64	3.6	3.85	2.89	2.3
EBITDA / Interest Expense	7.41	7.14	7.69	5.75	4.58
(EBITDA - Capex) / Interest Expense	7.41	7.14	7.69	5.75	4.58
Total Debt / EBITDA	7.66	7.48	6.77	7.7	7.11
Net Debt / EBITDA	6.27	6.74	6.23	6.92	6.86
Total Debt / (EBITDA - Capex)	7.66	7.48	6.77	7.7	7.11
Net Debt / (EBITDA - Capex)	6.27	6.74	6.23	6.92	6.86
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.28	6.3	14.86	2.98	0.53
Gross Profit, 1 Yr. Growth %	9.27	7.49	13.2	0.35	-2.04
EBITDA, 1 Yr. Growth %	14.5	7.28	15.8	0.94	0.97
EBITA, 1 Yr. Growth %	13	10.87	19.12	-1.94	-0.21
EBIT, 1 Yr. Growth %	15.91	9.69	14.86	1.61	1.39
Earnings From Cont. Operations, 1 Yr. Growth %	-3.69	217.86	-60.62	-8.17	-2.24
Net Income, 1 Yr. Growth %	-4.27	235.72	-62.97	-8.76	-0.6
Diluted EPS Before Extra, 1 Yr. Growth %	-12.37	228.83	-63.25	-8.63	-1.67
Normalized Net Income, 1 Yr. Growth %	7.69	0.47	25.41	-1.28	-2.45
Net Property, Plant and Equip., 1 Yr. Growth %	14.39	10.22	7.36	-1.73	-2.17
Accounts Receivable, 1 Yr. Growth %	9.4	5.36	12.55	0.38	-2.44
Total Assets, 1 Yr. Growth %	12.37	5.83	2.02	5.59	-4.41
Common Equity, 1 Yr. Growth %	17.15	8.15	-0.06	-0.16	-0.85
Tangible Book Value, 1 Yr. Growth %	17.55	7.34	-0.31	0.13	-0.93
Cash From Operations, 1 Yr. Growth %	17.87	13.35	14.68	1.75	-10.2
Levered Free Cash Flow, 1 Yr. Growth %	-45.73	28.12	10.75	-47.77	180.7
Unlevered Free Cash Flow, 1 Yr. Growth %	-42.32	26.55	10.32	-40.36	147.8
Dividend Per Share, 1 Yr. Growth %	3.14	3.55	3.92	1.89	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.64	6.79	10.5	8.76	1.75
Gross Profit, 2 Yr. CAGR %	9.02	8.38	10.31	6.58	-0.85
EBITDA, 2 Yr. CAGR %	14.1	10.83	11.46	8.11	0.95
EBITA, 2 Yr. CAGR %	16.74	11.93	14.92	8.08	-1.08
EBIT, 2 Yr. CAGR %	17.68	12.76	12.24	8.03	1.5
Earnings From Cont. Operations, 2 Yr. CAGR %	-13.64	74.97	11.88	-39.86	-5.25
Net Income, 2 Yr. CAGR %	-14.91	79.27	11.5	-41.87	-4.77
Diluted EPS Before Extra, 2 Yr. CAGR %	-20.05	69.76	9.94	-42.05	-5.21
Normalized Net Income, 2 Yr. CAGR %	22.61	4.02	12.25	11.27	-1.87
Net Property, Plant and Equip., 2 Yr. CAGR %	16.05	12.28	8.78	2.71	-1.95
Accounts Receivable, 2 Yr. CAGR %	17.82	7.36	8.9	6.29	-1.04
Total Assets, 2 Yr. CAGR %	13.48	9.05	3.9	3.79	0.47
Common Equity, 2 Yr. CAGR %	13.13	12.56	3.97	-0.11	-0.51
Tangible Book Value, 2 Yr. CAGR %	13.42	12.33	3.44	-0.09	-0.4
Cash From Operations, 2 Yr. CAGR %	5.41	15.59	14.01	8.02	-4.41
Levered Free Cash Flow, 2 Yr. CAGR %	57.98	-17.95	16.85	-25.35	17
Unlevered Free Cash Flow, 2 Yr. CAGR %	52.19	-15.81	16.1	-20.26	18.31
Dividend Per Share, 2 Yr. CAGR %	4.91	3.35	3.74	2.9	0.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.71	8.52	9.42	7.94	5.94
Gross Profit, 3 Yr. CAGR %	7.3	8.51	9.96	6.88	3.63
EBITDA, 3 Yr. CAGR %	7.77	11.78	12.46	7.84	5.68
EBITA, 3 Yr. CAGR %	6.54	14.75	14.28	9	5.24
EBIT, 3 Yr. CAGR %	7.66	14.95	13.45	8.58	5.77
Earnings From Cont. Operations, 3 Yr. CAGR %	4.7	33.34	6.43	4.75	-29.29
Net Income, 3 Yr. CAGR %	4.36	34.46	5.98	4.29	-30.49
Diluted EPS Before Extra, 3 Yr. CAGR %	2.58	28.1	1.93	3.36	-30.88
Normalized Net Income, 3 Yr. CAGR %	9.51	14.74	10.71	7.55	6.5
Net Property, Plant and Equip., 3 Yr. CAGR %	12.36	14.07	10.62	5.15	1.06
Accounts Receivable, 3 Yr. CAGR %	14.83	13.51	9.06	5.98	3.3
Total Assets, 3 Yr. CAGR %	13.71	10.87	6.65	4.47	0.98
Common Equity, 3 Yr. CAGR %	10.77	11.45	8.19	2.57	-0.36
Tangible Book Value, 3 Yr. CAGR %	11.03	11.36	7.95	2.33	-0.37
Cash From Operations, 3 Yr. CAGR %	9.5	7.99	15.29	9.77	1.57
Levered Free Cash Flow, 3 Yr. CAGR %	30.19	45.74	-10.48	-11.76	13.46
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.18	41.72	-8.94	-8.07	14.27
Dividend Per Share, 3 Yr. CAGR %	6.09	4.45	3.54	3.12	1.92
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.1	8.42	8.82	8.62	6.28
Gross Profit, 5 Yr. CAGR %	8.63	8.16	8.49	7.73	5.5
EBITDA, 5 Yr. CAGR %	8.93	8.37	9.23	10.3	7.71
EBITA, 5 Yr. CAGR %	8.46	8.48	9.82	12.03	7.87
EBIT, 5 Yr. CAGR %	8.88	8.4	9.47	12.13	8.51
Earnings From Cont. Operations, 5 Yr. CAGR %	-2.77	16.75	7.52	-3.03	1.6
Net Income, 5 Yr. CAGR %	-4.38	16.41	7.16	-3.86	1.54
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.6	12.53	5.46	-6.73	-0.99
Normalized Net Income, 5 Yr. CAGR %	8.79	5.98	10.6	13.34	5.5
Net Property, Plant and Equip., 5 Yr. CAGR %	11.13	8.51	10.91	9.38	5.41
Accounts Receivable, 5 Yr. CAGR %	14.69	12.56	12.42	10.57	4.91
Total Assets, 5 Yr. CAGR %	11.03	9.55	9.68	7.98	4.13
Common Equity, 5 Yr. CAGR %	11.05	10.18	8	6.67	4.62
Tangible Book Value, 5 Yr. CAGR %	11.31	10.33	7.93	6.63	4.53
Cash From Operations, 5 Yr. CAGR %	10.87	8.4	11.28	8	6.96
Levered Free Cash Flow, 5 Yr. CAGR %	9.96	0.58	23.88	10.67	-1.1
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.28	1.08	21.34	11.81	0.42
Dividend Per Share, 5 Yr. CAGR %	7.07	6.7	5.14	3.83	2.49